ADALend Ignites The DeFi Space
22 Outubro 2021 - 7:00AM
NEWSBTC
ADALend is a scalable and decentralized lending protocol governed
by a decentralized autonomous organization (DAO). ADALend will
offer various features that will provide its users with
decentralized financial instruments accessible to everyone with
access to the internet, without the complicated KYC requirements of
the mainstream banking system. The protocol will improve digital
assets’ capital efficiency by enabling assets accumulated to fund
multiple loan pools. The protocol will utilize the Cardano
blockchain to flesh out DeFi potential as a viable replacement to
the traditional financial sector. Green Blockchain Blockchains of
the future will be required to have a lower impact on the
environment, working efficiently without consuming enormous amounts
of energy to remain operational. Cardano has been one of the most
energy-efficient blockchains in the industry. 1.6 million times
lower than bitcoin and well below the average level of high market
capitalization coins. Cardano has also announced its partnership
with Veritree creating “The First Global Cardano Impact Challenge,”
an initiative that aims to reinvest donations into replanting trees
worldwide. Platform Security The Cardano codebase was developed in
Haskell, a widely popular programming language explicitly chosen
for its ease of auditing. The Cardano blockchain will offer a
protective layer of security for the ADALend protocol to function
without breakdown, unlike many DeFi protocols that suffer from
issues due to its blockchain complexity. ADALend is considered one
of the most efficient and stable DeFi platforms on the market.
ADALend will also enjoy the further developments in the Cardano
blockchain performed by Input Output Hong Kong (IOHK) which has a
very strong team that is always working on further improving the
blockchain. Summary In reality, these are the two major factors
that will be considered when looking for future providers of
financial instruments. Efficiency and security will come as a top
concern for users in 2022 and beyond. The replacement of the
mainstream banking system will not happen overnight, but it is the
constant enforcement of stable alternatives that will be considered
the end of traditional financial services. Adalend had an
oversubscribed seed round earlier last month; with the private sale
round running out quickly, many investors are rushing in to
guarantee their spot in the private sale. To find out more about
ADALend, visit their website and read their whitepaper.
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